In the wake of unexpected political strife across the Western world, many are looking for attractive investment options that hold their value across time. Just this last year, we’ve seen Brexit, a potential firestorm in Italy, and the unexpected election of Donald Trump across the Atlantic. The future of the world’s strongest economies is not as entirely sure as it once was.

When this happens, investors start looking for more stable investments, and this often leads to raw materials (like gold or diamonds), and high-end products (such as jewellery and art).

Diamonds haven’t been seen as a particularly viable investment for most of the last century. The output of diamonds is, after all, somewhat described by controlling interests in the way that oil is.

Exacerbating this is the fact that diamonds are unique unto themselves. In finished product, gold holds essentially the same value from one bar to the next. Each individual gold necklace is relatively easy to appraise.

Diamonds, however, are unique. Each stone is inherently different in quality, colour, and several other factors from the next. Two diamonds of the same size may hold wildly different values.

Companies are beginning to evolve plans for diamonds that imitate previous success they’ve seen trading gold and silver. Growth markets for diamonds in India and China are also helping push the value of the diamond higher. Supply is reliably trailing demand, which pushes the value of diamonds higher in the immediate future.

Diamonds are also different from gold and silver in that the price of a diamond increases the more hands it changes – to a certain point. Buying directly from the polisher lets you procure a diamond at a comparatively low price than buying it from dealer.

The best way is to look into buying a portfolio of diamonds, in a way that’s similar to utilising a broker. Fees will, of course, attach.

It’s unwise to step into diamond investment unless you’re well-schooled in its fundamentals. An exchange-traded fund (ETF) may see a company buy 1-carat stones of the round white variety. These hold value well and are easy to trade. The company then stores the diamonds and issues shares to investors. An index is created to keep track of the wholesale market, and how the value of your investment may change.

This essentially invests in diamonds as a commodity. This means that you’ll see fairly extravagant rises and falls in value. The other element to be aware of is that redemption issues sometimes arise, where managers must make up losses quickly in order to pay investors by selling product at a loss. This sometimes happens with gold and silver as well. Diamonds could be worth a gamble, so long as you understand you’ll have to learn the market well, and that it might act in volatile ways from time to time.

That volatility can be taken advantage of, but to do so, you must know how. If you’re interested in the investment side of diamonds, the best thing to do is to learn about the diamond investment industry piece-by-piece before diving fully into the the waves.